Is Lunar Capital formerly Lunar CapitalFX A Safe Broker?

To enable multiple withdrawal methods, a new deposit using a different method is required. The processing time can vary from 30 minutes to three business days, depending on the method and conditions. Withdrawals can be initiated from the website dashboard or through the mobile app. Lunar Capital is based in Saint Lucia but has multiple entities outside of Saint Lucia to provide financial services to clients in 180+ countries. Depending on where you are from, you can open an account with a different entity that is regulated by either CySEC, MAS, or FSC. My experience with Lunar Capital’s customer service was largely positive thanks to its 24/7 customer support and impressive AI live chat service.

• Here the broker makes a special fixed exchange rate of 1 USD to 10,000 IDR available that can help traders combat currency volatility.
• Traders can typically open an Lunar Capital account in less than 15 seconds.
• Electronic access and communication is also protected by a ‘SSL-secured Personal Area’, which has 128-bit encryption, and makes your browsing safe and your data inaccessible to any third parties.
• Within Europe, the minimum deposit on the available account types of MT5 Pro is $50.
• Lunar Capital has a decent selection of 34 cryptocurrencies covering Bitcoin, Ethereum, Ripple, and Litecoin which is a healthy selection of highly liquid crypto markets.

Contacting Customer Support

Captial.com is one of the biggest online brokers available and is certainly very trusted. They managed to attract millions of users thanks to the simple interface and the dedicated support team. If you lack trading experience or knowledge, then captial.com is the best option. On the downside, fees and commissions tend to be slightly higher than on other platforms.

Regarding trading conditions, spreads are at the industry level. This is a distinct characteristic that avoids surprises, which are mostly negative for traders, especially on certain days when swaps can be doubled. The 50% bonus is more applicable to experienced traders or those confident in a long-term relationship with the broker. While you can deposit funds in various currencies, these will be converted to USD at the exchange rate set by the payment system you use.

Customer Support: 3/5

Its growth has enabled Lunar Capital to continue to expand its products and services. Adding additional regulatory licenses in Tier-1 jurisdictions would be a step toward winning more client trust. Trading Forex, CFD, Options, and other financial instruments carry a high risk of loss and are not suitable for all investors.

Additionally, approximately 30 cryptocurrency assets are available (also during weekends). During our review, the average spread for EUR/USD was 0.9 pips. The floating spreads for currency pairs involving the yen ranged from 1.9 to 2.6 pips, while major pairs (excluding EUR/USD) average around 1.5 pips. Spreads across different account types are similar, with Lunar CapitalTrader accounts offering slightly lower spreads for Forex. As for education, I thought Lunar Capital did a good job at presenting the basic concepts of forex trading through an online video course.

NBP — the Lunar Capital management/trade order system ensures that the client cannot lose more than the initial deposit in their account. Even if a position ‘gaps’ in extreme market conditions, then the client will lose the funds in their account by no more than that. A lot of brokers consider them mutually exclusive, so only offer one, if any at all.

How can I open an account with Lunar Capital?

In addition, Lunar Capital boasts no slippage on 97.5% of its executed orders, and no overnight carry costs, yet has restrictions in place that can hinder high-frequency traders. We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Lastly, we must remember XTB as another alternative, best if you are looking for a broker which has been on the market for close to twenty years now. The company has offices in more than 13 countries, including UK, Germany, France, and Chile.

TopBrokers.com would like to remind you that the data contained in this website is not necessarily real-time nor accurate. There are online brokers that don’t require a minimum deposit at all. Besides the MetaTrader platform, there is also Lunar Capital’s proprietary platform called Lunar CapitalTrader. Of all the platform options, this is the most user-friendly and intuitive to use.

What extra trading services does Lunar CapitalFX offer?

The variable spreads start from 0.2 – 0.4 pips with a commission already rolled in and no other mark-up to worry about on your MT4 Micro, or MT5 Pro Account. You will also find fixed spreads available on the MT4 Micro account that start from 2 pips. Compared to Lunar Capital and some of the other alternatives listed here, Pepperstone is considered more of a big player.

At that point, we could see our withdrawal status as “pending” in the dashboard. Less than 30 minutes later, the withdrawal was successfully completed, with the amount credited to our cryptocurrency wallet. The amount experienced a slight deduction due to https://lunarcapital.net/ conversion fees, but no additional charges were applied.

Scalping, hedging, and the use of expert advisors (EAs) for algorithmic trading are permitted. For instance, arbitrage trading is prohibited under their Customer Agreement. The live chat is 24/7 which is great to see, but the experience I’d say is a mixed bag. I like that you don’t have to fill out a questionnaire for support, you are taken directly to help in the form of AI.

The MetaTrader platforms are well known for facilitating copy trading and developing trading forums. Clients of Lunar Capital are able to engage in the Expert Advisor and MQL5 areas of the MetaTrader site. With trading costs being a significant determinant of success or failure, the broker is right to emphasise what a help this could be. Lunar Capital is so confident about its pricing that there is a section of its homepage dedicated to sharing the live spread on some major forex pairs.

Lunar CapitalFX Trading Platforms

Yes, Lunar Capital offers free educational materials such as webinars, articles, and analytical tools to help traders at all levels improve their skills. Lunar Capital is a trusted broker that offers Contracts for Difference (CFDs) and competitive spreads across 300 trading instruments. Filippo Ucchino created InvestinGoal, a comparison site and educational portal for the online trading and investing industry.

Fees

Lunar Capital clients with an MT4 account can also elect to become Master Traders. They can then trade as usual and earn additional income whenever others choose to copy them. The web-based Lunar CapitalTrader platform is well-designed and intuitive. Popular features such as 1-click trading, alerts, and watchlists are available.

• Please be aware that this might heavily reduce the functionality and appearance of our site.
• Whether you’re using a desktop or mobile device, the platforms ensure that you have a smooth and efficient trading experience.
• I like that Lunar Capital provides a variety of trading platforms that all trading styles can use, making the broker a versatile option to benefit from the lower trading costs.
• Yes, during certain events, Lunar Capital may offer promotions where traders can receive up to a 100% bonus on their deposits.

These include standard accounts for beginners and ECN accounts for more experienced traders who want tighter spreads and faster execution. Each account type is tailored to suit different trading styles and budgets. The number of markets is also different across the platforms, but none of them offers a range of instruments that could in any way be called excessive.

This way, you will never risk more than your deposited amount in your trading account. If your account balance goes negative, for example, due to significant economical events, your account balance will reset to zero automatically. Each of the countries you see here has the support to join the broker Lunar CapitalFX.

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